Duolingo Raises $35 Million, Now valued at over $2 billion
Pittsburgh based online language learning platform Duolingo raises $35 million in funding from Durable Capital and General Atlantic, a global growth equity firm at a $2.4 billion valuation.
The latest round of funding brings the company’s total funding to $183m.
Duolingo will use this new funding to accelerate its research and development as well as to accelerate the growth and expansion of its team.
Launched in 2011, Duolingo provides a language-learning platform and it offers 98 courses across 40 languages. In March, they launched a new app for children called "Duolingo ABC".
The company’s app has been downloaded more than 500 million times.
While learning content on Duolingo is free, the company has grown its revenue with advertising and a paid subscription offering, Duo...